North Korea Iceland

Updated 2026-02-25

North Korea

No statutory minimum wage

Avg. Gross Salary

₩100,000 /mo

Iceland

No statutory minimum wage

Avg. Gross Salary

kr800,000 /mo

Avg. salary: -98% North Korea vs Iceland

Neither North Korea nor Iceland has a statutory minimum wage, relying instead on collective bargaining or sectoral agreements. Average gross salaries diverge further: $111/mo in North Korea versus $6,479/mo in Iceland, a 58.3:1 ratio.

North Korea's unemployment rate is 3.5% compared to Iceland's 3.6%.

Detailed Comparison

Detailed wage comparison between North Korea and Iceland
Metric	North Korea	Iceland	Diff
Avg. gross salary /mo	₩100,000 /mo $111.11	kr800,000 /mo $6,478.78	-98.3%
Avg. net salary /mo	₩90,000 /mo $100	kr560,000 /mo $4,535.15	-97.8%
Median individual income /yr	N/A/yr	kr7,800,000 /yr $63,168.12	—

Percentage differences are based on USD equivalent values. Positive means North Korea is higher.

Work Week

North Korea: 48 hrs/wk standard

The North Korean Labour Law formally sets an 8-hour working day. In practice, many workers are required to spend additional hours in compulsory political study, military training, and 'volunteer' labour campaigns. The actual workweek for state employees varies widely by sector and location. No independent verification of labour conditions is possible.
Iceland: 40 hrs/wk standard

Max 48 hrs/wk

Overtime : 1.8x pay

Standard working week is 40 hours (set by collective agreements). The Act on Working Environment and Health sets maximum average of 48 hours/week per EU Working Time Directive. Overtime premiums are set by collective agreements, typically 80% premium (1.8x) for daytime overtime, higher for evenings/weekends. A landmark 2021 agreement reduced standard hours from 40 to 36 for many public sector workers, with the private sector gradually following.

What This Means for Workers

Standard work weeks differ: North Korea mandates 48 hours while Iceland mandates 40 hours.

See this comparison from Iceland's perspective: Iceland vs North Korea

Compare North Korea with...

North Korea vs United States $ 7.25 /hr

North Korea vs China ¥ 25 /hr

North Korea vs Germany € 13.9 /hr

North Korea vs United Kingdom £ 12.71 /hr

North Korea vs India ₹ 4,576 /mo

North Korea vs Japan ¥ 1,121 /hr

North Korea vs France € 12.02 /hr

North Korea vs South Korea ₩ 10,320 /hr

North Korea vs Canada C$ 18.1 /hr

North Korea vs Australia A$ 24.95 /hr

North Korea vs Brazil R$ 7.37 /hr

North Korea vs Russia ₽ 156.31 /hr

North Korea vs Mexico MX$ 9,583.52 /mo

North Korea vs Indonesia Rp 33,058 /hr

North Korea vs Netherlands € 14.71 /hr

North Korea vs Saudi Arabia ﷼ 23.08 /hr

North Korea vs Turkey ₺ 164.94 /hr

North Korea vs Taiwan NT$ 190 /hr

North Korea vs Switzerland

North Korea vs Poland zł 31.4 /hr

North Korea vs Thailand ฿ 10,400 /mo

North Korea vs Sweden

North Korea vs Argentina ARS 1,762 /hr

North Korea vs Singapore

Frequently Asked Questions

How much less does the average worker earn in North Korea compared to Iceland?

The average gross salary in North Korea is ₩100,000/mo ($111.11 USD), compared to kr800,000/mo ($6,478.78 USD) in Iceland. In USD terms, workers in North Korea earn approximately 5731% less. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between North Korea and Iceland is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Iceland earn more in nominal terms, though how far that income stretches depends on local prices in North Korea.

How do work hours compare between North Korea and Iceland?

North Korea has a longer standard work week at 48 hours, compared to 40 hours in Iceland. Workers in North Korea work 48 hours per week by law. Longer mandatory hours can offset a nominally higher wage; a worker in Iceland working fewer hours may have comparable or better effective hourly earnings depending on the wage levels of each country. Total annual compensation depends on both the wage rate and the number of hours required.